Form 4: Avista Corp Vice President Sells Shares to Cover Taxes After Vesting

Avista Corp's Vice President, Ryan L. Krasselt, sold 692 shares of common stock at $35.24 per share to cover income taxes related to previously vested restricted shares.

Summary

• Ryan L. Krasselt, a Vice President at Avista Corp, sold 692 shares of common stock on January 6, 2025.
• The sale was executed at a price of $35.24 per share.
• This transaction was to cover income tax obligations related to restricted shares that vested on the same date.
• The vested shares were from the final third of 2022, the second third of 2023, and the first third of 2024.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Executive stock sales to cover taxes are a common practice across publicly traded companies.
• The sale of 692 shares is relatively small compared to the total outstanding shares of Avista Corp, and is not unusual for a vesting event.
• Similar transactions are regularly reported by executives at comparable utility companies.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Avista Corp, insider trading, stock sale, restricted shares, executive compensation, Form 4, Ryan L. Krasselt